SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
LUND DEANNA HOM
(Last) (First) (Middle)
3033 SCIENCE PARK ROAD
(Street)
SAN DIEGO CA 92121
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TITAN CORP [ TTN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Vice President
3. Date of Earliest Transaction (Month/Day/Year)
07/31/2003
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock in 401(k) Plan 4,519(1) I 401(k) Plan
Common Stock in ESOP 908(2) I ESOP Trust
Common Stock 07/31/2003 07/31/2003 M 12,556(3) A $1.59 13,056 D
Common Stock 07/31/2003 07/31/2003 S 12,556(4) D $15.34 500 D
Common Stock 07/31/2003 07/31/2003 M 13,450(5) A $3.717 13,950 D
Common Stock 07/31/2003 07/31/2003 S 13,450(6) D $15.34 500 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options (right to buy) $1.59 07/31/2003 07/31/2003 M 12,556(7) 11/03/1998 11/03/2007 Common Stock 12,556 $0 157,015(8) D
Employee Stock Options (right to buy) $3.717 07/31/2003 07/31/2003 M 13,450(9) 11/03/1999 11/03/2008 Common Stock 13,450 $0 143,565(10) D
Explanation of Responses:
1. Amounts carried forward from Form 5 previously filed by the reporting person for December 2002.
2. Amounts carried forward from Form 5 previously filed by the reporting person for December 2002.
3. Exercise of Employee Stock Options (right to buy). The stock options were exercisable as to 25% of the total grant on December 17, 1998 and thereafter as to 1/48th per month on the first of each month until fully vested on July 1, 2001.
4. Sale of shares underlying Employee Stock Options (right to buy) exercised in previous row . The stock options were exercisable as to 25% of the total grant on December 17, 1998 and thereafter as to 1/48th per month on the first of each month until fully vested on July 1, 2001.
5. Exercise of Employee Stock Options (right to buy). The stock options were exercisable as to 25% of the total grant on November 3, 1999 and thereafter as to 25% of the total grant each year thereafter until fully vested on November 3, 2002.
6. Sale of shares underlying Employee Stock Options (right to buy) exercised in previous row. The stock options were exercisable as to 25% of the total grant on November 3, 1999 and thereafter as to 25% of the total grant each year thereafter until fully vested on November 3, 2002.
7. Exercise and sale of Employee Stock Options (right to buy). The stock options were exercisable as to 25% of the total grant on December 17, 1998 and thereafter as to 1/48th per month on the first of each month until fully vested on July 1, 2001.
8. Represents number of issuer employee stock options (right to buy) held by the reporting person after the exercise and sale of the 12,556 shares in THIS transaction is deducted from previous total reported on Form 4 dated February 27, 2003.
9. Exercise and sale of Employee Stock Options (right to buy). The stock options were exercisable as to 25% of the total grant on November 3, 1999 and thereafter as to 25% of the total grant each year thereafter until fully vested on November 3, 2002.
10. Represents number of issuer Employee Stock Options (right to buy) held by the reporting person upon filing of THIS Form 4 and after the exercise and sale of the 13,450 shares in THIS transaction is deducted from the total in PREVIOUS row.
Remarks:
/s/ Deanna Hom Lund 08/01/2003
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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